The project is nearing completion and is expected to be connected to the grid in the coming months.
Additionally, Phoenix Insurance has converted a €4.2 million loan into a 49% stake in the project's special purpose vehicle. The remaining loan will be converted into an unsecured shareholder loan.
Econergy is also developing a pipeline of 200 MW of solar projects in Romania, for which Phoenix Insurance has options to convert loans into equity.
Arctic Paper S.A. has announced the acquisition of a 4 MW solar park located near Warsaw, Poland.
The financing is for a logistics center in Bydgoszcz developed for a leading e-commerce firm.
EIB and ORLEN Group, Poland's largest energy company, signed a €200 million loan agreement for projects supporting energy transition.
The European Commission has endorsed a positive preliminary assessment of Poland's payment request for the second and third instalments for €9.4 billion.
OMV Petrom has initiated construction on its largest solar project in Romania.
EBRD will support the development of high-quality, energy-efficient residential housing in Poland through a €100 million loan to the Polish subsidiaries of Vantage Development.
In Romania, L'Oréal encourages people to choose larger sizes and refills while helping them understand how and where to recycle our packaging.
NEPI Rockcastle plans to transform its shopping centers in Romania into local energy hubs and fully meet their energy needs with green energy by the end of 2026.
Renewables developer OX2 has secured €73 million in financing from Germany's Nord/LB, a leading energy transition bank, for the development of a 100 MW solar farm in Poland.
The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe by extending a €500 million counter-guarantee to Germany-based Commerzbank AG.
PPC Group has entered the Italian renewable energy market with the launch of two photovoltaic (PV) plants boasting a combined installed capacity of 32 MW.
